Gold calls.Long term -medium term and intraday calls in gold is here !.

[CrashGuard]

There we go. Nigerian militants attack the pieplines, more tough talking from Iran, Crude goes up 100 points this morning, Gold goes up, and I cash in $3

Now to short

Oil is going up.

 

[CrashGuard]

Anyone else bought gold at 920?

 

[welshandy1]

Oil is going up.

hey Crash, yes, Im watching that. Holding off from shorting Gold, at least until the $126 Crude mark is clearer.

As always, its "noise" that keeps Crude going up - all it takes is a couple of speeches, half/incidents, and it bubbles along nicely, as I pointed out on Friday.

 

[sujithsstorock]

Stay out of market suggested.Will enter 2 hours after US opening.Shorts keep tight stop.Oil might fall anytime,but can trap us by showing some up trend signs.

 

[CrashGuard]

hey Crash, yes, Im watching that. Holding off from shorting Gold, at least until the $126 Crude mark is clearer.

As always, its "noise" that keeps Crude going up - all it takes is a couple of speeches, half/incidents, and it bubbles along nicely, as I pointed out on Friday.

yup, looks like crude will break the resistance today @ $126

 

[Wideboy]

Sorry I'm still new to gold. Does it normally act inversely to oil? ie if crude goes up gold may probably fall?

 

[CrashGuard]

Sorry I'm still new to gold. Does it normally act inversely to oil? ie if crude goes up gold may probably fall?

Nope, they have positive relationship. If oil shoots up, gold will probably shoot up with it. But I believe most speculators are waiting for crude to take a clear direction, thats why gold is going flat.

 

[atrim]

I'm short on Oil. My chart shows resistance at 12500 so not sure what price you are looking at guys?

 

[welshandy1]

No, it generally goes the same way as Crude. However, if Crude isnt doing much, then Gold appears to revert to its own agenda.

 

[Wideboy]

Ok thanks guys for explaining
In that case I need oil to dive

 

[atrim]

Ok thanks guys for explaining
In that case I need oil to dive

Me too

 

[sujithsstorock]

Gold rallied till 933 $.Then now fell till 927 $.Told you guys that there is a buy trap possible.

 

[Wideboy]

Gold rallied till 933 $.Then now fell till 927 $.Told you guys that there is a buy trap possible.

Absolutely agree 100%
I think the close last week above 925 was the setting of the trap for the bulls.

Watching and waiting ...

 

[CrashGuard]

NY openning, lets what happens

 

[sujithsstorock]

A break of 934 $ can shoot gold to 942 or above.

 

[Wideboy]

All quiet, this is winding up for a big move...

 

[sujithsstorock]

Buy gold around 928 $. Stoploss 925 $. Target 930-932-933.5-936-938-942$

 

[Wideboy]

Buy gold around 928 $. Stoploss 925 $. Target 930-932-933.5-936-938-942$

Risky risky, I'm holding my short from 929

 

[sujithsstorock]

Buy gold around 928 $. Stoploss 925 $. Target 930-932-933.5-936-938-942$

stoploss hit. 3$ loss

 

[Wideboy]

stoploss hit. 3$ loss

Unlucky mate.
I'm looking for 917 now that 925 has broke.